China Taisan responds to SGX queries on its assets valuation, valuers certification
IN a Singapore Exchange (SGX) filing on Friday, China Taisan Technology Group Holdings responded to the bourse's queries regarding the valuation of its assets and the certification of its valuers.
The company which produces knitted performance fabrics in China, stated that the value for its machineries stands at 154.1 million yuan (S$31.65 million) in 2016, down from its 316.4 million yuan valuation in 2015. It added that the firm's valuation report will be made available at the company's registered address for shareholder's inspection for a period of three months.
Additionally, the firm clarified that professional partners hired to perform valuation for them are certified by the China Assets Appraisal Board and the Ministry of Finance PRC, but not the China Securities Regulatory Commission (CSRC), as the CSRC is not responsible for issuing qualification to its valuer.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
BYD shares face earnings test as China’s EV price war heats up
Singtel expects S$3.1 billion impairment hit for H2; expects net loss
Singapore stocks decline at Monday’s open; STI down 0.3%
RBNZ says insurance may become unaffordable for high-risk homes
Don Agro enters preliminary agreements to sell four units for 4.5 billion roubles
Intel tumbles most in three months after tepid forecast